Memorial Blood Centers is a division of Innovative Blood Resources, a 501(c)(3) organization that is audited annually, on a fiscal year (FY) from April 1 through March 31. Nearly 85% of the organization’s operational expenses directly support our life-saving mission.
Where the money comes from
Service fees on units delivered—From hospital partners for blood products and services, based on collection, processing, testing, recruitment, and distribution costs.
Laboratory service fees—From hospitals for products and services.
Financial contributors—Generous donations of cash, stock, life insurance proceeds, and other monetary gifts from philanthropic individuals, foundations, and corporations.
Where the money goes
The chart below reflects the classification of expenses for FY 2015:
84.3% Program Costs to Support our Mission
15% General & Administrative
0.7% Marketing & Development